GOSS vs MCI: Correlation
Measured on weekly returns over the past three years, Gossamer Bio, Inc. (GOSS) and Barings Corporate Investors (MCI) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOSS and MCI?
On 3 years of weekly data the GOSS/MCI correlation comes out at 0.27, weak. The past 12 months show a tighter link (0.40) than the 3-year average (0.27). The 5-year figure is 0.21, and annualized covariance runs at 725.6 %².
By 3-year correlation, MCI places #6 of the 11 assets tracked against GOSS. The last year tells two different stories: MCI led by 85.4 percentage points, -93.1% for GOSS against -7.7% for MCI. One caveat on sizing: GOSS is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GOSS vs MCI: side by side
| GOSS (Gossamer Bio, Inc.) | MCI (Barings Corporate Investors) | |
|---|---|---|
| 1-year return | -93.1% | -7.7% |
| 5-year return | -98.3% | +77.0% |
| Volatility (ann.) | 106.7% | 25.3% |
| Beta vs S&P 500 | 1.89 | 0.13 |
| Max drawdown (3Y) | -96.4% | -27.9% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 0.00% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOSS | MCI |
|---|---|---|
| 2022 | -80.8% | -5.9% |
| 2023 | -57.9% | +44.5% |
| 2024 | -0.9% | +20.8% |
| 2025 | +242.5% | -3.7% |
| 2026 | -94.5% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOSS and MCI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOSS and MCI?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.40 over the last year and 0.21 over 5 years.
Is MCI a good diversifier for GOSS?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GOSS correlations · MCI correlations
